"The CG distribution itself is nothing to be excited about, because it only represents a realization/return of profits that were already reflected in the NAV increase. "

No.It's more than that.From my point of view,any dividend or CG distribution is a tangible return on the investment.A return I can take without selling off shares that will produce more dividends and capital gains later.I haven't figured out how to spend total return yet without liquidating part of the investment.-wes